Logo of Phnom Penh Post newspaper Phnom Penh Post - RCEP marks ten-year anniversary

RCEP marks ten-year anniversary

Content image - Phnom Penh Post
The tenth year anniversary of RCEP event was held over November 2-3 in person and virtually. It was presided over by Prime Minister Hun Sen and attended by foreign diplomats and government officials. PHOTO SUPPLIED

RCEP marks ten-year anniversary

Speakers who attended the tenth year anniversary of the Regional Comprehensive Economic Partnership (RCEP) event said that forming a secretariat for the RCEP is necessary to make the trade deal effective and comprehensive.

RCEP is a “rules-based” multilateral regional free trade agreement. It entered into force in early 2022 after its inception ten years ago, which came about after the US-led Trans-Pacific Partnership negotiated under President Obama was nixed by his successor, President Trump, when he took office.

The tenth year anniversary of RCEP event was held over November 2-3 in person and virtually. It was presided over by Prime Minister Hun Sen and attended by foreign diplomats and government officials. The events were organised by the Economic Research Institute for ASEAN (ERIA) and the East Asia and ASEAN Secretariat.

It was held in a forum format with the theme “RCEP 10-Year Anniversary: Reminiscing on the Journey of RCEP”. According to the outcome statement for the forum which was released on November 4, many speakers and researchers in the region gave presentations on the progress of RCEP implementation in their countries and on the contents of this agreement.

The speakers were optimistic that ASEAN would be able to uphold its value and centrality better under RCEP because it provides ASEAN with the opportunity to facilitate and harmonize trade between ASEAN+1 partners such as China, Japan, South Korea, Australia and New Zealand.

“Not only that, the agreement gives value to Small and Medium Enterprises as well as taking environmental issues into consideration. It aims to boost sustainable development and additional agenda items will be added for other sectors in the future,” said the press statement on the outcomes of the forum.


  • 12th Cambodia int’l film festival to see return of Hollywood star

    Phnom Penh is set to come alive with the magic of cinema as the highly anticipated 12th Cambodia International Film Festival (CIFF) takes centre stage. Boasting an impressive line-up of 188 films from 23 countries, including captivating shorts, feature films, documentaries and animation, the festival promises an

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Struggling Battambang artist dreams of staging full-scale gallery exhibition

    Leav Kimchhoth, a 55-year-old artist from Battambang province, is a familiar face to locals and tourists alike on the streets of the riverside in Phnom Penh. The one-armed painter and illustrator often hawks his work near the night market on weekends and public holidays. He

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • Five-year-old Hanuman dances his way into hearts of Cambodia

    A young talent from a new-established settlement has emerged, captivating the online world with his mesmerising performances of the traditional Cambodian monkey dance. Roeun Kakada is a five-year-old prodigy who has taken the social media sphere by storm with his exceptional dance skills and dedication

  • New Law on Taxation comes into effect

    Cambodia has enacted the eagerly-awaited new Law on Taxation, which aims to improve the national tax regime’s compliance with present and future international standards and economic conditions; encourage accountability, effectiveness and transparency in the collection process; and promote investment in the Kingdom. King Norodom